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Category Rectification

Rectification 84 Questions

0 Votes 1 Ans

An amount of ₹ 5,000 debited as depreciation on furniture has not been posted to the Depreciation Account

1.38K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Correct the following errors in Hari’s Books: A credit sale of ₹ 132 to R. Krishan correctly entered in Sales Journal but posted to his account as ₹ 312

1.01K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Correct the following errors in Mohan Lal’s Book: A sum of ₹ 1,500 written off as depreciation on furniture has not been debited to the Depreciation Account

915 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Sales of ₹ 20,000 to Manoj were recorded as ₹ 2,000 in the Sales Book

1.12K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Correct the following errors in Mohan Lal’s Book: A payment of ₹ 5,000 for salaries (to Ram has been posted twice to the Salaries Account

1.18K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Goods purchased from Kunal for ₹ 8,000 and from Kapil of ₹ 9,000 recorded correctly in the Purcahses Book. However, ₹ 9,000 was posted to Kunal and ₹ 8,000 to Kapil

1.25K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Goods returned by Mohan of ₹ 1,500 not recorded in books

1.07K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

₹ 25,000 paid as wages for the construction of office building debited to Salaries Account

819 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Credit sale of ₹ 850 to Kishan was posted to Krishan’s Account

1.04K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Credit sale of ₹ 570 to Mohoan was recorded as ₹ 750 | Pass the necessary Journal entries to rectify the following errors:

1.47K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Rectify the following errors: Purchases Book was overcast by ₹ 500

714 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Rectify the following errors The total of one page of the Sales Book was carried forward to the next page as ₹ 2,785 instead of ₹ 2,587

935 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

The following errors are identified in the Books of Lakshay, Pass the necessary entries to rectify them

947 viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Rectify the following errors Returns Inward Book has been overcast by ₹ 500

1.22K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

Rectify the following errors discovered after the preparation of the Trial Balance | Sales Book of March was added short by ₹ 10,000

1.26K viewsAnurag Pathak Changed status to publish October 26, 2023Rectification

0 Votes 1 Ans

An accountant of a firm found that his Trial Balance was out (excess credit) by ₹ 742. He placed the amount in a Suspense Account and Subsequently found the following errors:

2.11K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

The Trial Balance of Shri Ramdass did not agree and the difference in books was carried to a Suspense Account

2.43K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

Rectify the following errors found in the books of Bheem. Trial Balance had ₹ 930 excess credit. The difference has been posted to a Suspense Account:

1.90K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

The accountant of a firm finds that the Trial Balance as on 31st March, 2023 is out by an excess debit of ₹ 283. He placed the amount in the Suspense Account

2.12K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

There was an error in the Trial Balance of Ram Gopal on 31st March, 2023 and the difference in books was carried to the Suspense Account

2.22K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

Rajesh drew a Trial Balance for the year ended 31st March, 2023, There was a difference which he closed through Suspense Account

2.49K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

The Trial Balance of M/s Gupta & Sons shows a difference of ₹ 52,200. To prepare the Final Account on 31st March, 2003, this difference is placed in a Suspense Account.

1.38K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

There was a difference of ₹ 720 in the Trial Balance which has been transferred to the credit side of the Supense Account. Pass the rectifying entries and prepare a Suspense Account to rectify the following errors:

1.80K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

A Trial Balance disclosed a difference of ₹ 417 placed on the credit side of the Suspense Account. Later on the following errors were located:

1.70K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

0 Votes 1 Ans

There was a difference in the Trial Balance of M/s Jain & Sons, prepared for the year ended 31st March, 2009. The accountant put the difference in Suspense Account.

1.76K viewsAnurag Pathak Changed status to publish October 1, 2023Rectification TS Grewal Class 11

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